Zhang Xu, chief fixed income analyst at Everbright Securities, expects interest rates to fall by 20 to 30 basis points throughout next year.

On December 18, Jinshi Data News, Zhang Xu, Chief Fixed Income Analyst at Everbright Securities, judged that the monetary policy orientation has been adjusted from "prudent" to "moderately loose". The reduction in the deposit reserve ratio next year may be around 1.5 percentage points, and the policy interest rate may be lowered by 20 to 30 basis points. This reorientation of the monetary policy reflects not only the decision-makers' full recognition of the difficulties in short-term economic operation and the deep-seated contradictions in the medium and long-term structural transformation, but also the adaptability change in macroeconomic regulation thinking, and more importantly, the determination to promote the continuous recovery and improvement of the economy.